2024

Bitcoin

when

April

<p class="is-style-lead">A Bitcoin whale that has been dormant for over&nbsp;10&nbsp;years&nbsp;moved 687 BTC worth $43 million.</p> 
<p>According to Lookonchain data, the whale received 687.33 Bitcoins (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="">BTC</a>) on Jan. 12, 2014, valued at around $630,000 at the time when BTC’s price was $917.</p> 
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   <p lang="en" dir="ltr">A wallet that has been dormant for 10.3 years transferred all 687.33 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a>($43.94M) out 10 mins ago.<br><br>The whale received 687.33 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">$BTC</a>($630K at that time) on Jan 12, 2014, when the price was $917.<br><br>Address: 15WZNLACuvcDrrBL2btDErJggnaMQtHh5G <a href="https://t.co/tEPqM0CrrK" target="_blank" rel="">pic.twitter.com/tEPqM0CrrK</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1787338123154006161?ref_src=twsrc%5Etfw" target="_blank" rel="">May 6, 2024</a>
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<p>A decade later, the value of Bitcoin has increased almost 70 times, based on the current price at which the user sold it for over $42.7 million.</p> 
<p>In April, large investors, who control at least 0.1% of the total supply of Bitcoin, purchased 19,760 BTC for a total of $1.2 billion at an average purchase price of $62,500.</p> 
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   <p lang="en" dir="ltr">Bitcoin whales may have finally started buying the dip👇<br><br>Yesterday, the biggest Bitcoin holders, holding over 0.1% of the total supply, collectively added 19,760 Bitcoins to their holdings at an average price of $62.5k. Historically, accumulations by these addresses have often… <a href="https://t.co/c8K5uhkna4" target="_blank" rel="">pic.twitter.com/c8K5uhkna4</a></p>— IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1781263617528045852?ref_src=twsrc%5Etfw" target="_blank" rel="">April 19, 2024</a>
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<p>The funds accumulation at these addresses often preceded an increase in the price of the first cryptocurrency. Bitcoin whales purchased assets two days before the <a href="https://crypto.news/tag/bitcoin-halving/" target="_blank" rel="">halving</a>.</p> 
<p>Additionally, Santiment&nbsp;stated that <a href="https://crypto.news/tag/bitcoin/" target="_blank" rel="">Bitcoin</a> whales have <a href="https://crypto.news/santiment-bitcoin-whales-accumulated-266k-btc-since-january/" target="_blank" rel="">accumulated</a> an additional 266,000 BTC since the start of 2024 worth $17.3 billion. </p> 
<p>Asset owners with balances between 1,000 BTC and 10,000 BTC received 1.24% of the total supply of 21 million BTC during the mentioned period.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-price-surges-amid-declining-whale-activity/" rel=""> Bitcoin price surges amid declining whale activity </a> </p>

Bitcoin whale moved $43m in BTC for 1st time in 10 years

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